perfidy

Well, the problem with the FCC is that it is deregulating the top of the market without deregulating the bottom. It is impossible (and I know people who have tried) to get a broadcast license for radio or TV in this country, unless you are already part of a large network. Cable TV provided a loophole, which is now being closed. While I am not against allowing large companies to merge in principle, the flip side is that you must allow new entrants into the field. As older dinosaurs calcify and grow stagnant, new dinosaurs move in. However, if you lock out the bottom of the market, you assure that the current players will stay there forever. 

We never truly deregulated broadcast media. That is the problem.